Research on investor confidence shows that those who are more knowledgeable and engaged with their investment are more confident. KiwiSaver members under the age of 30 are the least knowledgeable and confident about their investments.
Over the past years KiwiSaver returns have generally been positive. While there have been patches of volatility, younger members of the 18-30 age group have never experienced a major fall in the value of investments in their adult lifetimes.”
Recent research from the Financial Market Authority (FMA) into investor platforms and KiwiSaver switching behaviour show that some newer investors may not be prepared for a market downturn.
Volatility is an expected feature of markets, and how to best prepare for the inevitable downturns.With this is mind, we feel it timely to share this short video – ‘Keep the big picture in mind’ on social media
Also, sharing tips from personal finance writer Mary Holm – How to prepare for a market downturn: https://www.fma.govt.nz/…/mary-holm-preparing-for-downturn